BlackRock Credit Allocation Income Trust (BTZ) to Issue Monthly Dividend of $0.08 on June 30th

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be paid a dividend of 0.0839 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Monday, June 15th.

BlackRock Credit Allocation Income Trust Price Performance

BTZ traded down $0.01 during midday trading on Friday, hitting $10.14. 290,322 shares of the company’s stock traded hands, compared to its average volume of 311,115. The stock’s fifty day simple moving average is $10.22 and its 200-day simple moving average is $10.47. BlackRock Credit Allocation Income Trust has a one year low of $9.70 and a one year high of $11.18.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.